February merchandise exports surge 30%

Total merchandise exports reached MOP1.25 billion in February, a significant year-on-year increase of 29.7%, while imports rose by 5.5% to MOP9.13 billion, according to the Statistics and Census Service (DSEC),

As a result, the trade deficit stood at MOP7.88 billion.

From January to February, total exports grew by 13.8% year-on-year to MOP2.38 billion.

Meanwhile, imports declined by 5.0% to MOP19.88 billion, reducing the merchandise trade deficit to MOP17.51 billion, down MOP1.33 billion compared to the same period last year.

Re-exports experienced a notable rise of 31.8%, driven by increased exports of perfumes and non-diamond jewelry, which surged by 310.1% and 113.3%, respectively.

However, exports of beauty products and casino-related items fell by 31.4% and 20.8%. Domestic exports also grew by 9.1%, supported by increased exports of copper products and pharmaceuticals.

Imports of optical instruments and casino-related items saw growth, increasing by 113.3% and 66.2%, respectively.

However, imports of construction materials and mobile phones decreased by 27.4% and 24.2%.

Exports to Hong Kong and the EU increased by 24.2% and 2.3%, while exports to mainland China, Belt and Road countries, and the USA declined.

Imports from the EU, mainland China, and Belt and Road countries fell, while imports from Japan rose by 10.1%.

Macau’s external merchandise trade totaled MOP22.26 billion from January to February, a 3.3% decrease compared to the same period in 2024. LV